China

Fuel supply stoush sparks global price drop

A supply stoush between Saudi Arabia and Russia has driven global fuel prices even lower. Demand for fuel has dropped world-wide on Covid-19 fears, which has seen airlines slash services, which C&I last month reported was already having an impact. Forced lock-downs of areas in China and Italy have further exacerbated the global oversupply. Leaders […]

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Coronavirus containment measures hit global fuel prices

As the economic fall out from the Coronavirus outbreak continues, resulting travel restrictions and drops in global demand for fuel are driving down fuel prices. The Organisation of the Petroleum Exporting Countries (OPEC) price per barrel sat at US$55.51 on Monday, down from $58.94 on January 31. While financial media company Bloomberg reported Citigroup have

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China innovates with mobile C-store of the future

Chinese shoppers will soon be able to make their groceries come when called as a new convenience store on wheels takes off! The world’s first unmanned-convenience-supermarket-on-wheels, is called Moby-Mart, and is currently in the prototyping stage, its Chinese designers spruiking it as the mini-mart of the future. Dubbed by the company as “the simplest shopping

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